Micron Stocks Soar on AI Memory Lab Announcement

Micron's stock surged 4% on Thursday, closing at $974.33, following the company's announcement of a new AI memory research center in Boise, Idaho.

The Micron Research Labs will be a major hub for next-generation chip design, advanced packaging, semiconductor scaling, and future memory architectures, with plans to invest $10 billion over the next decade.

The move drew praise from Apple CEO Tim Cook and Nvidia CEO Jensen Huang, who noted that rebuilding memory design is one of the hardest challenges of the AI era.

S&P Global upgraded Micron's credit rating to BBB+, citing growing confidence in AI-driven demand for memory semiconductors through 2028. BMO Capital also initiated coverage with a Buy rating and $1,300 price target, calling Micron a play on a 'long memory supercycle'.